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Zimbabwe’s mining companies have started work on developing local content (value addition) guidelines for the mining industry
· The objective is to boost industrial production, create strong linkages among productive segments and cut imports
Zimbabwe’s mining companies have started work on developing local content (value addition) guidelines for the mining industry. The objective is to boost industrial production, create strong linkages among productive segments and cut imports.
The move stems from the Government’s drive to increase local procurement and production. Countries in the region have already framed polices for local value addition. South Africa, for instance, has strictly enforced local content policies for as high as 85 percent domestic input, which promotes local linkages and drives economic growth.
Local content policies focus interventions on areas of high procurement and aim to direct the sourcing of those goods to local enterprises. The Chamber of Mines of Zimbabwe said that the norms for value addition and local content norms are being worked out and they would be out very soon. The chamber is working with stakeholders for developing the local content norms.
